Most of our trades fall into the category of “Pro-Trend” (with trend) or “Counter-Trend” (against trend) strategies. For example, simple retracements such as “Bull or Bear Flags” fall into the Pro-Trend Category along with most Breakout Trades.

We’ll focus our attention on these simple pro-trend retracement strategies as seen played out in the five intraday stock charts above.

In an ongoing uptrend, look to buy shares (put on positions) either when price touches a rising intraday moving average or trendline (especially the green 20 period EMA seen on all charts above) or breaks above a falling ‘flag’ trendline you can draw by hand on your charts.

Look to trail the stop either between the rising 20 and 50 EMA (5-min) or – if you can handle the risk – trailed beneath the rising 50 EMA (if it is not too far away from your entry).

Exit pro-trend retracement trades when price breaks under a rising trendline (hand-drawn) or under a 5-min reversal candle low. Alternately, one can hold a “core” position until the end of the day assuming price never trades under the rising 20 EMA (and of course continues rising above it).

I wanted to highlight these names and use these as educational resources of the power – and opportunity – of strong intraday trends.